South Africa’s AECI is looking to spend up to 1 billion rand ($148 million) on acquisitions of chemical companies in Brazil.
AECI is a maker of industrials chemicals and explosives for the mining and manufacturing sectors. The Group has completed a 2 billion rand strategic capital investment programme to enhance its future growth in these areas, with particular emphasis on mining chemicals.
The Group is leveraging AEL Mining Services’ extensive African footprint to provide a channel for other businesses to market their products and services across the continent. Similarly, the Group’s suite of mining services will be grown and developed in selected markets, such as Indonesia, whilst new business opportunities in the oil, water and gas industries are being explored.
Opportunities in sectors such as food chemicals and personal care are also being investigated in African countries with growing consumer markets. These initiatives have significant scope and are indicative of the extent of AECI’s growth potential.